The Canadian Dollar (CAD) will strengthen less than previously forecasted against the US Dollar over the coming year due to the global uncertainty and expected interest rates by the Bank of Canada (BOC), according to a Reuters poll. Key points (Source: Reuters) Thursday’s poll of more than 40 currency analysts expects the CAD to 1.33 per US Dollar in one month from now. As of writing, USD/CAD is trading at 1.3230. The loonie is then expected to rebound to 1.3050 in 12 months vs August’s prediction of 1.2946. On Wednesday, the Bank of Canada kept rates unchanged at 1.75% and refrained from signaling rate cuts in the near future. The money markets, however, see about a 50% chance of a rate cut at the Oct. 30 announcement. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY holds the 107 handle in Tokyo opening hour ahead of NFPs FX Street 4 years The Canadian Dollar (CAD) will strengthen less than previously forecasted against the US Dollar over the coming year due to the global uncertainty and expected interest rates by the Bank of Canada (BOC), according to a Reuters poll. Key points (Source: Reuters) Thursday's poll of more than 40 currency analysts expects the CAD to 1.33 per US Dollar in one month from now. As of writing, USD/CAD is trading at 1.3230. The loonie is then expected to rebound to 1.3050 in 12 months vs August's prediction of 1.2946. On Wednesday, the Bank of Canada kept rates unchanged at 1.75%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
